GARIX vs. BDMIX
Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
GARIX is managed by Gotham. It was launched on Aug 30, 2012. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
GARIX vs. BDMIX - Performance Comparison
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GARIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GARIX Gotham Absolute Return Fund | 0.28% | 16.18% | 20.46% | 17.70% | -5.04% | 26.87% | -6.19% | 11.50% | -4.86% | 10.01% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, GARIX achieves a 0.28% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, GARIX has outperformed BDMIX with an annualized return of 8.69%, while BDMIX has yielded a comparatively lower 7.29% annualized return.
GARIX
- 1D
- 1.51%
- 1M
- -1.96%
- YTD
- 0.28%
- 6M
- 2.80%
- 1Y
- 17.39%
- 3Y*
- 16.76%
- 5Y*
- 12.75%
- 10Y*
- 8.69%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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GARIX vs. BDMIX - Expense Ratio Comparison
GARIX has a 1.50% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
GARIX vs. BDMIX — Risk / Return Rank
GARIX
BDMIX
GARIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GARIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.55 | -1.05 |
Sortino ratioReturn per unit of downside risk | 2.16 | 3.73 | -1.57 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.48 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 5.14 | -2.70 |
Martin ratioReturn relative to average drawdown | 12.77 | 14.25 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GARIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.55 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.76 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.27 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.15 | -0.45 |
Correlation
The correlation between GARIX and BDMIX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GARIX vs. BDMIX - Dividend Comparison
GARIX's dividend yield for the trailing twelve months is around 7.16%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GARIX Gotham Absolute Return Fund | 7.16% | 7.18% | 18.74% | 5.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.36% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
GARIX vs. BDMIX - Drawdown Comparison
The maximum GARIX drawdown since its inception was -26.49%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for GARIX and BDMIX.
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Drawdown Indicators
| GARIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -11.89% | -14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -3.60% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -7.45% | -15.70% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | -9.44% | -17.05% |
Current DrawdownCurrent decline from peak | -3.03% | -0.13% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -2.71% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.30% | +0.13% |
Volatility
GARIX vs. BDMIX - Volatility Comparison
Gotham Absolute Return Fund (GARIX) has a higher volatility of 2.94% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that GARIX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GARIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.72% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 4.78% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 6.93% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 6.51% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 5.77% | +8.10% |